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Nov 16, 2012
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we are following the developing story down in washington. talks at the white house as you heard between the president and congressional leaders just breaking up a short time ago. reaction immediate in the stock market as stocks rallied. came well off their lows and in positive territory now across the board. let's show you where we stand on this friday on wall street. as we hit the noon hour here, the s&p 500's up one third of a percent. that's the nasdaq good for a gain of 6 points. dow industrials down about 60 points. not that long ago with about a 100-point swing up 47 points now, better than one third of 1% and number of traders with me today. joe, john, simon, steve down on the floor of the new york stock exchange. doc, i'll go to you first. if there was a feeling of tone deafness in washington related to what the markets wanted, maybe they got what they wanted at least a little bit today seeing the reaction in stocks. >> nothing focuses the mind like the gallows and what was happening here. they were watching the markets melt down. th
we are following the developing story down in washington. talks at the white house as you heard between the president and congressional leaders just breaking up a short time ago. reaction immediate in the stock market as stocks rallied. came well off their lows and in positive territory now across the board. let's show you where we stand on this friday on wall street. as we hit the noon hour here, the s&p 500's up one third of a percent. that's the nasdaq good for a gain of 6 points. dow...
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Nov 14, 2012
11/12
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they're looking to washington for leadership to address meaningful issues. right now they're doubtful they're going to see it. >> right wha do you think it's going to take to get the vej back into this market? the individual, i feel like, has been gone for a little while now. >> 10, 12 years it feels like. >> it really does. >> i think it's going to take a settlement in washington. it's going to take compromise. it's going to take a belief that we're actually on a path as a country from a fiscal stand point that is reasonable, that is sustainable. investors have to have that degree of confidence before they can move. the other issue that's big for investors is tacxes. investors don't know what's going to happen, and they're not likely to put money to work until they have a better idea of the future. >> if you have dividend taxes going from 15% to 43%, because we know that under the umbrella of the fiscal cliff, dividend taxes go to ordinary income levels. that's 39.6%. so you add 39.6% with the health care tax, you're coming up with 44% dividend, taxes. do y
they're looking to washington for leadership to address meaningful issues. right now they're doubtful they're going to see it. >> right wha do you think it's going to take to get the vej back into this market? the individual, i feel like, has been gone for a little while now. >> 10, 12 years it feels like. >> it really does. >> i think it's going to take a settlement in washington. it's going to take compromise. it's going to take a belief that we're actually on a path...
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Nov 21, 2012
11/12
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anyway, back to washingtoning. the senate is going to vote on a bill that could let the feds read your e-mails without even a warrant. the bill's own sponsor probably never read his own bill in the first place and now, this goofy guy has withdrawn his support. free market capitalism is the best path to prosperity. but let's lower those rates too. how about a ko dudlowian flat t? i'll be right back. lives in the, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ >>> incredible intrusion into your personal freedom. vermont senator the leading democrat sponsoring this bill denies supporting his own bill. what happened? did he miss the part about rights? we have ckathrine mangaward thi is really something. don't need a search warrant to go into your e-mails. in fact you don't eve
anyway, back to washingtoning. the senate is going to vote on a bill that could let the feds read your e-mails without even a warrant. the bill's own sponsor probably never read his own bill in the first place and now, this goofy guy has withdrawn his support. free market capitalism is the best path to prosperity. but let's lower those rates too. how about a ko dudlowian flat t? i'll be right back. lives in the, it's about who lives in the yellow house, the green, and the apartment house, too....
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Nov 16, 2012
11/12
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and he said the same to his republican representatives in washington. he said that he'll back each of us, regardless of party, as long as we work together to make life better for all of us. and he made it clear that if we don't make enough progress, he'll be back in touch. >> so here now from nashville is steve wise. he's the author of that letter and he's the president and ceo of identified, inc. steve, welcome. congratulations. i want to ask you briefly. in the first term, president obama on the stimulus package and on obama care, there was no compromise. there was no reaching across the aisle. do you believe, sir, that in the second term president obama will change and will find common ground with republicans? >> well, larry, i'm an optimist. i believe that you need to give people a chance, you need to tell them you support them and then you need to hold them accountable. that's why i felt that i needed to send that message off to the president and to my representatives, really telling them that time is now. we can't wait any longer. we've got to do
and he said the same to his republican representatives in washington. he said that he'll back each of us, regardless of party, as long as we work together to make life better for all of us. and he made it clear that if we don't make enough progress, he'll be back in touch. >> so here now from nashville is steve wise. he's the author of that letter and he's the president and ceo of identified, inc. steve, welcome. congratulations. i want to ask you briefly. in the first term, president...
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Nov 14, 2012
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also the subject of that press conference. >>> certainly it is a big day in washington. we just wrapped up that news conference. but the president is not done. he'll meet with 12 ceos in the white house right now, mostly consumer focused industries. they will work together to figure out how business could help perhaps rise above the partisan rhetoric to fix this fiscal cliff. we've got our all-star team ready to tackle all of it. john harwood, my take-away from the news conference was this -- aside from everything else, you heard the president sticking to his guns about raising tax rates on those making more than $250,000, something john boehner said he is unlikely to support. that seems to be the entire crux of the fiscal cliff stalemate. >> well, it's only part of it, brian, because you've also got the issue of entitlements. you notice the president got a question at the tail end of that news conference on the spending side which he didn't address because he hadn't called on our colleague who asked the question. on taxes, what you heard from the president was a practic
also the subject of that press conference. >>> certainly it is a big day in washington. we just wrapped up that news conference. but the president is not done. he'll meet with 12 ceos in the white house right now, mostly consumer focused industries. they will work together to figure out how business could help perhaps rise above the partisan rhetoric to fix this fiscal cliff. we've got our all-star team ready to tackle all of it. john harwood, my take-away from the news conference was...
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Nov 19, 2012
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-ed in "the washington post" that's worth reading. "i and my fellow budget geeks can generate discretionary savings for negotiators in a jiffy. tell me how many hundreds of billions you want cut and in a minute i can give you back a new set of annual discretionary limits for the decade." that's the ple. "if policy makers want to save medicare and social security or want additional revenue they must in relatively short order come up with a specific way to reduce programs or raise that revenue. the lines on the spreadsheet must be filled with painful decisions about premiums and copays, benefit levels and tax rates." david, thank you for coming in this morning. >> my pleasure to be here. >> when you talk about those details we don't talk about those specifics about what the copay rate has got to be, for example. do you have any expectation that as we try to solve the "fiscal cliff" that we're going to be getting those details and do we need them to not go over it? >> first i do have, i am hopeful we'll be getting some details over the n
-ed in "the washington post" that's worth reading. "i and my fellow budget geeks can generate discretionary savings for negotiators in a jiffy. tell me how many hundreds of billions you want cut and in a minute i can give you back a new set of annual discretionary limits for the decade." that's the ple. "if policy makers want to save medicare and social security or want additional revenue they must in relatively short order come up with a specific way to reduce programs...
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Nov 17, 2012
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jimmy p., i love this new washington picture. and i don't want to be pessimistic. i want to be optimistic. maybe they can make a deal. but here's what i worry about, jimmy. here's what i fear. the republicans are conceding that they'll give a revenue -- a tax revenue portion by limiting deductions. but i don't see any spending cuts. the sequester has been called off. mr. boehner would like a down payment on entitlements. i don't see that happening. to me remember it used to be 3-1 or 4-1 spending cuts to revenue increases. right now it looks to me like it's 10-1. 10-0. $10 of revenue hikes and no spending cuts, jimmy pethokoukis. >> i think what we're going to get at the end of the day, you're going to get a lot of tax increases, and then you're going to get a lot of promises about caps and mechanisms. be careful of the word "process." there's going to be a process in place for looking at further spending cuts. or entitlement reform. but that's all going to be like tomorrow, the day after tomorrow, the 12th of never. what we're going to get right away are tax incre
jimmy p., i love this new washington picture. and i don't want to be pessimistic. i want to be optimistic. maybe they can make a deal. but here's what i worry about, jimmy. here's what i fear. the republicans are conceding that they'll give a revenue -- a tax revenue portion by limiting deductions. but i don't see any spending cuts. the sequester has been called off. mr. boehner would like a down payment on entitlements. i don't see that happening. to me remember it used to be 3-1 or 4-1...
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Nov 28, 2012
11/12
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it could be another eventful day here in washington. back to you. >> eamon javers with that report from washington. joining us now, david simmons. welcome. are you confident they'll reach a deal? are you concerned about these comments from harry reid? >> i think you'll always get this sort of posturing. one of the things the republicans are waking up to is the vast majority of what's going to happen at the end of this year will affect what they want. when you look at it, it's 2/3 tax increases, 1/3 spending cuts. half of those spending cuts are going to come on the defense side. so you've only got 1/6 upsetting the democrats and 5/6 upsetting the republicans. the democrats are in a stronger porks i think it position. >> given the market reaction we saw yesterday is whether investors need to recalibrate their reaction that this will be resolved. if it's not, we know there will be economic fallout. but as it becomes more and more in the headlines, is there real risk that despite the improvement we've seen in consumer confidence, 9/11 busi
it could be another eventful day here in washington. back to you. >> eamon javers with that report from washington. joining us now, david simmons. welcome. are you confident they'll reach a deal? are you concerned about these comments from harry reid? >> i think you'll always get this sort of posturing. one of the things the republicans are waking up to is the vast majority of what's going to happen at the end of this year will affect what they want. when you look at it, it's 2/3...
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Nov 15, 2012
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question that the stock market would actually do that and really concentrate the mind of these dopes in washington. >> wasn't it bob ruben who said during the clinton years -- or james carville -- the same thing. look what happened, clinton cut the rate and you had a huge rally in stocks and bonds. the stork market may do the same thing here. >> if you want to root for a bullish stock market, maybe in the short term, let's get a deal going and then do tax reform and entitlement reform. meantime, i think stocks are warping these guys you're going to put us on the precipice of a recession, and that's bad for earnings and stocks. >> the fed has done the same thing. they've come out in recent weeks and said instead of just buying $45 billion of bonds every month, we may have to double that and extend it out further. >> richard fisher of the dallas fed told me last night they don't do that. actually, that's not fair. he said in his opinion they shouldn't do that. we don't know, you might right. mike of "forbes," thank you very much. >>> this is truly the video of the day. the israelis get their man. th
question that the stock market would actually do that and really concentrate the mind of these dopes in washington. >> wasn't it bob ruben who said during the clinton years -- or james carville -- the same thing. look what happened, clinton cut the rate and you had a huge rally in stocks and bonds. the stork market may do the same thing here. >> if you want to root for a bullish stock market, maybe in the short term, let's get a deal going and then do tax reform and entitlement...
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Nov 21, 2012
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again, but washington isn't in a position. washington is busy taken points out of the economy, not putting points back in. one thing you haven't talked about is housing and it's the one favorable thing that we have in the outlook for 2013. >> which the chairman was positive on yesterday. >> yeah, i know, but this could be a big deal. could be a half to 1%, steve. i don't think it will be any more than that. what do you think? >> i think 1% would be a great number. i think when i look at the levels of housing starts in this country relative to the demographic, it's as if we're building homes for a 19th century population of america. i don't know where kids are living these days. i think if you guys haven't already, the best trade of all has been the fu ton couch trade because that's where people have to be living these days. the other thing that's interesting to me is when, if anything was sort of new yesterday with bernanke saying that you know what? no matter what happens, even with a fiscal cliff deal, the government is goin
again, but washington isn't in a position. washington is busy taken points out of the economy, not putting points back in. one thing you haven't talked about is housing and it's the one favorable thing that we have in the outlook for 2013. >> which the chairman was positive on yesterday. >> yeah, i know, but this could be a big deal. could be a half to 1%, steve. i don't think it will be any more than that. what do you think? >> i think 1% would be a great number. i think when...
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Nov 30, 2012
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and washington may be considering more sanctions against iran. we'll have the latest on that and outlook for energy prices next. and we'll loof you witheave you we can't get enough of, the christmas tree at rockefeller center. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grounipping at fedex office. >>> we want to show you what's happening with the oil trade. we've seen prices buffeted by renewed unrest, but today both light crude and brent are showing a bet of a retracement, down about 0.3%. head of commodities market strategy at bnp paribas joining us. harry, we wanted to get a sense from you as the senate is expected to debate new measures that could include banning sales and transfers of special metals to iran. how the breakdown in talks with the iaea is playing into the oil trade and concerns about mideast mo
and washington may be considering more sanctions against iran. we'll have the latest on that and outlook for energy prices next. and we'll loof you witheave you we can't get enough of, the christmas tree at rockefeller center. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday...
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Nov 15, 2012
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around and contributing to the universal view in the united states that there's total dysfunction in washington. so for shush that wonure that w the same way. what's most pressing on obviously the fiscal cliff is the most pressing. i'm not totally convinced they'll be able to figure it out because it still feels like there's one last death match that's lingering in there of 2010, and it doesn't matter what the president said, i was sent here to stop everything and i'll fight him to the last. and that mentality has been the biggest road block. >> so he still thinks there's one last celebrity death match to take place before a resolution of the fiscal cliff. interesting stuff. now coming up, one of the world's biggest high frequency traders opens up to bob pisani about a business and industry that has received its fair tear of criticism # # with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right
around and contributing to the universal view in the united states that there's total dysfunction in washington. so for shush that wonure that w the same way. what's most pressing on obviously the fiscal cliff is the most pressing. i'm not totally convinced they'll be able to figure it out because it still feels like there's one last death match that's lingering in there of 2010, and it doesn't matter what the president said, i was sent here to stop everything and i'll fight him to the last....
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Nov 30, 2012
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you both know politics well and know what's happening in washington. judd, start things off and explain is it as dire as we think it is by reading into some of these headlines today by seeing what was said yesterday? >> i don't think so. i think that -- you have a situation where you have this unique period in american governance, every power years where people can govern because politics is a little bit behind -- little bit back, takes a back seat during this period. everybody has run for office and know their position of power, musical chairs. everybody has their chair except mitt romney. plus you have a forcing mechani mechanism, the fiscal cliff. congress needs forcing mechanisms to act. plus, both with the president and speaker they have a reason to reach ain't agreement. political reason. the speaker it is because he knows republicans will take the hit if we go over the cliff. that's the way it is. the president has the microphone. and the president -- cane believe he wants to start the presidency out with a recession. i mean, this -- next term.
you both know politics well and know what's happening in washington. judd, start things off and explain is it as dire as we think it is by reading into some of these headlines today by seeing what was said yesterday? >> i don't think so. i think that -- you have a situation where you have this unique period in american governance, every power years where people can govern because politics is a little bit behind -- little bit back, takes a back seat during this period. everybody has run...
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Nov 29, 2012
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i'm in washington. but i would say if you have these point of views in the business context as close as they are, i would say a deal would be in reach. >> that's another optimistic comment there from lloyd blank fein, obviously a guy who's been in a lot of high -stakes deals. i think those two comments are the kinds of comments that markets should be paying attention to and a lot of the political boiler plaplate situas are not what you should be looking to when you see at where the fiscal plate is actually going. the big question is why lloyd blankfein playing this position now? i remember when they were the pariah in this town. now he's playing more of a statesmanship role, guys. it's fascinating to see here in washington. >> yeah. it's weird, the dynamic, eamon, because there are strn constituents on the left that would look at lloyd blankfein saying anything, and immediately say, i want to do the opposite because he's a bankster. >> totally. totally. he's the guy that's a -- >> anything blank fine sa
i'm in washington. but i would say if you have these point of views in the business context as close as they are, i would say a deal would be in reach. >> that's another optimistic comment there from lloyd blank fein, obviously a guy who's been in a lot of high -stakes deals. i think those two comments are the kinds of comments that markets should be paying attention to and a lot of the political boiler plaplate situas are not what you should be looking to when you see at where the fiscal...
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Nov 7, 2012
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and washington state. nbc news projects that barack obama will take the state of washington. there are some cheers in democracy plaza. we'll go back to there as the map fills in as the night goes on. >> not really clear who the fan base is for because you're hearing the same kind of, you know, phrase for both obama and romney. >> puts the president at 243 which is less than 30 points needed to get to 270. things are getting important here. in the meantime, your headlines at this hour. nbc news projecting obama ahead in electoral votes after sweeping up california as we mentioned. wisconsin, new hampshire. the first of the battleground state also fall to obama. however, we're still waiting on the other key swing states, iowa and nevada remain too early to call. north carolina, ohio, virginia, florida, colorado, too close to call. the senate, mostly breaking as expe expected, but the democrats did pick up three new seats. republicans projected to hold the house as well. >> all right. let's get straight to john harwood at the maproom to give us more color on what we're seeing as
and washington state. nbc news projects that barack obama will take the state of washington. there are some cheers in democracy plaza. we'll go back to there as the map fills in as the night goes on. >> not really clear who the fan base is for because you're hearing the same kind of, you know, phrase for both obama and romney. >> puts the president at 243 which is less than 30 points needed to get to 270. things are getting important here. in the meantime, your headlines at this...
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Nov 20, 2012
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>> steve every time he talks he says how it's your job, guys, in congress and in washington. it's your job to do things from here. what does he do, call them a bunch of morons at this point? >> maybe he tells them to rise above, that could be the thing he does. >> you got a pin on you? >> i'm wearing a pin here. >> are you going to bring an extra for bernanke? >> what would be the worst thing he could do today? >> oh he's going to be extremely cautious. there's no downside on this one. what he won't do is talk about anything the fed might do to tighten policy down the road. the one mistake they made over the years they were concerned people would be afraid of the inflation outlook that they constantly talked about when they'd take things back and what we're dealing with right now is all of the expiration of the short term stimulus measures on the fiscal side, he doesn't want to create the same cliff problem on the monetary side. >> will he undo what happened to the monetary market, investors decided they're coming to a compromise and he gets on the floor today and says you gu
>> steve every time he talks he says how it's your job, guys, in congress and in washington. it's your job to do things from here. what does he do, call them a bunch of morons at this point? >> maybe he tells them to rise above, that could be the thing he does. >> you got a pin on you? >> i'm wearing a pin here. >> are you going to bring an extra for bernanke? >> what would be the worst thing he could do today? >> oh he's going to be extremely cautious....
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Nov 26, 2012
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he joins us from washington. reasonable people i'm hearing it from more and more say that kicking the can is not the way to go and if we have to go over it, we should go over it. i'm hearing that from republicans and democrats. are you picking up on that, too? a lot of people think that just more business as usual is not the way to do it. >> i couldn't agree more. i don't see the need to go over the cliff. the fact is that this congress has had two dry runs. we've scored every kind of option there is both on the revenue side and on the entitlement reform side and what we need to do is make some decisions. this is easy. steve rattner and i could probably work out a solution before lunch today but i'm encouraged that the president and speaker boehner both are showing flexibility. the fact is that this is really easy to do. i've written a 242-page bill, that's it, it's got over $4.5 trillion in savings by the time you include the budget control acts 917 billion we enacted, it replaces sequestration. this is easy tec
he joins us from washington. reasonable people i'm hearing it from more and more say that kicking the can is not the way to go and if we have to go over it, we should go over it. i'm hearing that from republicans and democrats. are you picking up on that, too? a lot of people think that just more business as usual is not the way to do it. >> i couldn't agree more. i don't see the need to go over the cliff. the fact is that this congress has had two dry runs. we've scored every kind of...
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Nov 6, 2012
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chief washington correspondent john harwood joins us from new york this morning. it just occurred to me, john, 5-5 in dixville notch, 16-5 last time. did 11 obama supporters just not show up and is that a metaphor for what we're really watching today, how many of the real zealous obama supporters from last time come out? i don't know. what do you think? we probably shouldn't call -- you have not called the election yet on dixville moch? >> i'm not calling it based on dixville notch, but what could be more appropriate in an a 5-5 showing. we have a deadlock national race. all the polls show very close. although yesterday we had an abc "washington post" poll showed obama ticking up to plus three. our poll didn't show over the weekend, obama did not show any particular movement one direction or the other. but we've got to wait and see. and you pouyou pointed to the t question. that's really what it's about. what is the turnout of white voters as compared to african-americans and hispanics. romney dominates whites. obama dominates the minority vote. a related question
chief washington correspondent john harwood joins us from new york this morning. it just occurred to me, john, 5-5 in dixville notch, 16-5 last time. did 11 obama supporters just not show up and is that a metaphor for what we're really watching today, how many of the real zealous obama supporters from last time come out? i don't know. what do you think? we probably shouldn't call -- you have not called the election yet on dixville moch? >> i'm not calling it based on dixville notch, but...
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Nov 6, 2012
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chief washington correspondent john harwin knows. >> everything we know suggests it's going to be chose. let me give you context for prediction of a romney victory. take the latest nbc/"wall street journal" poll. obama 48%, romney photography%, can't get any closer than that, well wind the margin of error. then go to the battleground states. we've got three late battle ground state polls. first of all in the state of virginia which as you mentioned, polls close early, 13 electoral votes, 48/47, president obama on top. state of florida, two-point lead for president obama. the state of ohio, most people have seen as the hinge point of this election, president obama's up 51/45. let's look at where the battleground states stand. if you average polls taken on the real clear politics website, of the nine battle ground states romney is only leading in the average of those polls in the two of them, north carolina and florida. the other states, president obama's got a lead. i'm talking about iowa, colorado, new hampshire, ohio, nevada, all states where president obama's doing very well. at least
chief washington correspondent john harwin knows. >> everything we know suggests it's going to be chose. let me give you context for prediction of a romney victory. take the latest nbc/"wall street journal" poll. obama 48%, romney photography%, can't get any closer than that, well wind the margin of error. then go to the battleground states. we've got three late battle ground state polls. first of all in the state of virginia which as you mentioned, polls close early, 13...
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Nov 20, 2012
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. >>> now, fiscal cliff drama in washington has thrust america's wealth gap into the spotlight as politicians debate whether to raise taxes for the country's top earners. according to our next guest, america's so-called rich are not created equally. she says a trance global qulas are getting wealthier at break neck speed. in this new breed of super rich, how many are american? because you being of the -- >> they are global. and i really enjoyed robert's report about the russians coming into miami. that really sort of tells the story that i tell in my book. with a we're seeing is this emergence of a trance global wealthy super elite. they have more in common with each other than they do with the folks back home. and home really is becoming a hard to define concept for they will. you have a $50 million place in miami and probably you read into a place this london if you're serious, maybe a place in silicon valley. the americans are still the single biggest group. the wealth managers who study the super rich, they're among the best anthropologists. they like to define the group of ultra high net
. >>> now, fiscal cliff drama in washington has thrust america's wealth gap into the spotlight as politicians debate whether to raise taxes for the country's top earners. according to our next guest, america's so-called rich are not created equally. she says a trance global qulas are getting wealthier at break neck speed. in this new breed of super rich, how many are american? because you being of the -- >> they are global. and i really enjoyed robert's report about the russians...
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Nov 7, 2012
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this ticking clock can be heard from washington to wall street. we turn our attention to this immediately today. you have corporate leaders from jamie dimon, warren buffett to jeff immelt. among our partners in the crusade, we have a trio of duelling guest hosts. we are joined by jared bernstein. also tony fratto. at 7:00 eastern, roger altman, and david walker. in the final hour, we have two former chiefs of staff. john pedesta and ken uberstein. >> let's begin with the presidential race. phil lebeau has been working overtime. he spent the night at obama headquarters in chicago. hampton pearson is with the romney team in boston. but phil, we will start with you. >> andrew, good morning. it's only been a couple of hours since president obama gave his victory speech here at mccormick place. and that speech a lot of people were looking at and said did it set at least initially the tone for his second term in office. during the speech, he talked about the country coming together and ending the divisiveness that has been typified by the campaign over
this ticking clock can be heard from washington to wall street. we turn our attention to this immediately today. you have corporate leaders from jamie dimon, warren buffett to jeff immelt. among our partners in the crusade, we have a trio of duelling guest hosts. we are joined by jared bernstein. also tony fratto. at 7:00 eastern, roger altman, and david walker. in the final hour, we have two former chiefs of staff. john pedesta and ken uberstein. >> let's begin with the presidential...
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he coined the term, fiscal cliff, "the washington post" today says. also adds that the evans rule is an area they continue to look into. fallout today from what he said yesterday? >> ilgt bit but that will happen. the market will be going up and down on small indicators. is john boehner smiling or frowning today? we'll have a lot of volatility for the next two or three months because i do think it's going to be two or three months. i think this is going to go into january. i think close to a 50% chance we'll go over the fiscal cliff temporarily. the market won't react well to that so it's going to be very, very bumpy couple of months here. >> that said, seasonally, i was told not too long ago, the period between thanksgiving week and december 3rd, the past 20 years has been positive for stocks for 17 of those 20 years. is there going to be any kind of hope for a santa claus rally here, michael? >> i think there is. that's simply because pessimism has reached a level of extreme that historically has led to higher markets over the next three months 81%
he coined the term, fiscal cliff, "the washington post" today says. also adds that the evans rule is an area they continue to look into. fallout today from what he said yesterday? >> ilgt bit but that will happen. the market will be going up and down on small indicators. is john boehner smiling or frowning today? we'll have a lot of volatility for the next two or three months because i do think it's going to be two or three months. i think this is going to go into january. i...
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Nov 5, 2012
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. >> joining us from washington, morris reed democratic strategist and managing director of the bgr group. morris, good morning. >> good morning. it's called air force 1. makes everything very easy. >> so he's using that for party -- government property for party and political purposes? >> it gets reimbursed by the parties. there's a cool could ykoo calcu you. >> they make a contribution. good. >> morris, we just had tim stanley on the program. he says it's too close to call be he thinks mitt romney may have the the edge. what numbers are you looking at and do you agree romney will still has momentum here on the eve of the election? >> i think that governor romney certainly had a lot of momentum coming out of the first debate. there is an argument to be made that perhaps the momentum stopped with the hurricane situation where the president was allowed to have three days of coverage without romney really having a counter balance. i really think the race is too close to call. what i'm watching are the key states of iowa, wisconsin and ohio. it's canning that the industrial midwest is playin
. >> joining us from washington, morris reed democratic strategist and managing director of the bgr group. morris, good morning. >> good morning. it's called air force 1. makes everything very easy. >> so he's using that for party -- government property for party and political purposes? >> it gets reimbursed by the parties. there's a cool could ykoo calcu you. >> they make a contribution. good. >> morris, we just had tim stanley on the program. he says it's...
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Nov 17, 2012
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if you just looked at the picture, you would say it's status quo in washington. the president got re-elected. the republicans maintain the majority in the house, democrats in the senate. however, it's not really as much status quo as the picture would portray because this is a president who believes, and i think rightly so, that he's come back with some more leverage here, that he doesn't have to start negotiating with himself, that he can put something out on the table that he actually believes in and that it's the republicans who are going to have to give because they were the ones by and large who lost and they lost the presidency. so he, you know, i see a president that feels much stronger about going into this. >> we're getting some intriguing sound bites from republicans indicating they understand the president has some more leverage now. >> they're willing to go one step and there's another step he wants to go. i couldn't agree. the election and the facts on the ground are very different than it was with the debt ceiling in 2011. two big things, he won re-
if you just looked at the picture, you would say it's status quo in washington. the president got re-elected. the republicans maintain the majority in the house, democrats in the senate. however, it's not really as much status quo as the picture would portray because this is a president who believes, and i think rightly so, that he's come back with some more leverage here, that he doesn't have to start negotiating with himself, that he can put something out on the table that he actually...
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Nov 15, 2012
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the default in washington is inaction and inertia. >> mr. obama interviewed by meredith vieira and since then she has stopped being a correspondent, and now -- you were furious when you came out here, because you don't want to kill your dog? >> no. >> and so the potential dog kill ser your husband? >> y. >> you are the dog lover? >> yes, i want p.e.t.a. to be very clear on this. it an extraordinary story, but the president has just been re-elected and very brilliantly in the end, and then immediately involved in the lurid tale of generals and sex and whatever else? what do you make of it? >> i think that biggest mistake that was made was starting the investigation to begin with. >> i totally agree with that. >> and i believe it is unnecessary and trampling on people's rights and privacy rights. >> well, in the end, you have two women competing for the affections and one who is having the affair and one who isn't, and one that is flirtatious that we know by the way she behaved with other generals? >> do we know that is the way she was around
the default in washington is inaction and inertia. >> mr. obama interviewed by meredith vieira and since then she has stopped being a correspondent, and now -- you were furious when you came out here, because you don't want to kill your dog? >> no. >> and so the potential dog kill ser your husband? >> y. >> you are the dog lover? >> yes, i want p.e.t.a. to be very clear on this. it an extraordinary story, but the president has just been re-elected and very...
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Nov 14, 2012
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john mccain and lindsey graham, at his news conference in washington. senators graham and mccain said today that they would block the president's u.n. ambassador susan rice from being confirmed as u.s. secretary of state if she were to be nominated. to that position, so let's listen in. >> if senator mccain and senator graham and others want to go after somebody, they should go after me. and i'm happy to have that discussion with them. but for them to go after the u.n. ambassador who had nothing to do with benghazi and was simply making a presentation based on intelligence she had received, and to besmirch her reputation is outrageous. >> jessica yellin, chief white house correspondent, was there, and, jessica, was its wiit was placid news conference. however, this particular question really seemed to hit a nerve with the president. >> reporter: yes. he got very emotional on this answer. look, the white house feels that in general the attacks on ambassador rice are unfair, even dishonest in a sense because it has been their point all along that she was
john mccain and lindsey graham, at his news conference in washington. senators graham and mccain said today that they would block the president's u.n. ambassador susan rice from being confirmed as u.s. secretary of state if she were to be nominated. to that position, so let's listen in. >> if senator mccain and senator graham and others want to go after somebody, they should go after me. and i'm happy to have that discussion with them. but for them to go after the u.n. ambassador who had...
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Nov 17, 2012
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on tuesday he will be departing cambodia and heading back to washington. the president will also meet with leaders from japan and china. this will actually be a first for a u.s. president when speaking in terms of his visit to myanmar which is also known as burma, so there you have it. we'll see the president departing shortly here for his trip to asia. we'll continue to watch these live pictures this morning for you. >>> back in washington, it seems a deal to avoid the so-called fiscal cliff may happen before january. president obama met yesterday with the four top leaders of congress. republicans john boehner and mitch mcconnell and democrats nancy pelosi and harry reid. >> we had a very constructive meeting with the president to talk about america's fiscal problem. >> we all know something has to be done. >> it was good. i feel confident that a solution may be in sight. >> we're prepared to put revenue on the table, provided we fix the real problem. >> tax hikes and spending cuts could go into effect simultaneously if no deal is reached on the fiscal cl
on tuesday he will be departing cambodia and heading back to washington. the president will also meet with leaders from japan and china. this will actually be a first for a u.s. president when speaking in terms of his visit to myanmar which is also known as burma, so there you have it. we'll see the president departing shortly here for his trip to asia. we'll continue to watch these live pictures this morning for you. >>> back in washington, it seems a deal to avoid the so-called...
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i think we'll find out in the days and weeks to come, but people in washington are listening to this explosive rhetoric and they are concerned, but if you look carefully there's not much happening beyond the rhetoric. i don't think egypt can describe this and viewed as extreme, belligerent departure from the past and they certainly haven't taken arms against israel will and providing material support to hamas and they've come out and said loud and clear that we're going to abide by the camp david accords, the peace accords between camp david and israel and these are all early indications that president morsi has taken a calculated decision and not to disrupt the alliances that are in place and it should come as a relief right now to washington and tel aviv and it could anger the arab streak. >> look, i think, this is really what we have. the egyptians have tremendous attachment to the palestinians and not all arab states are enamored of the palestinians the way the egyptians are. the historic ties between egypt and gaza in particular and egypt ruled gaza for something like 19 years o
i think we'll find out in the days and weeks to come, but people in washington are listening to this explosive rhetoric and they are concerned, but if you look carefully there's not much happening beyond the rhetoric. i don't think egypt can describe this and viewed as extreme, belligerent departure from the past and they certainly haven't taken arms against israel will and providing material support to hamas and they've come out and said loud and clear that we're going to abide by the camp...
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>> at the washington poison center in seattle. >> just drowse? i okay. >> and lately, more and more of them sound something like this. >> and today, i took about 90 milligrams of percoset. >> oh you did? >> 6:00, i wasn't really thinking and i did a bar of xanax and i'm reading all this stuff online how that is a very lethal combination. i have a lot of friends who died in their sleep and i just wasn't really thinking. now i'm wondering if i should stay up tonight. >> that kind of call to me is really scary. >> oh, it is scary. >> what goes through your mind? >> so, i would be very frightened about that young man not making through the night. >> dr. bill hurley is the medical director of the poison center. he is also a trauma doctor. >> possibly too many of his meds. they are not sure what-all they've got. >> we are here in seattle, in part, because the problem is bad. >> this bottle still has quite a bit in it. >> but also because, as you will see, there are real solutions. >> no other meds? >> for hurley you it started five years ago. >> he's g
>> at the washington poison center in seattle. >> just drowse? i okay. >> and lately, more and more of them sound something like this. >> and today, i took about 90 milligrams of percoset. >> oh you did? >> 6:00, i wasn't really thinking and i did a bar of xanax and i'm reading all this stuff online how that is a very lethal combination. i have a lot of friends who died in their sleep and i just wasn't really thinking. now i'm wondering if i should stay up...
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Nov 15, 2012
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more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> fears of an all-out war between israelis and palestinians is growing today. let's zoom into the map here. this is where hundreds of missiles are being launched between the two sides right now. now, the tipping point came yesterday with the targeted killing you see on the screen there. this is incredible israeli military video showing a car carrying the leader of hamas's military. this is in gaza city, and an israeli rocket
more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. can i still ship a gift in time for christmas? yeah, sure you can....
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Nov 16, 2012
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>> yeah, you know, it's washington, isn't it. i mean, you know, the theory, what petraeus is expected to talk about is he had his talking points. he got them declassified, approved to go out there in public. when ambassador rice started talking from her talking points, this included other information that wasn't exactly what the cia thought might be really going on. i think some members of capitol hill have brought it down to this point, was the obama administration incredibly incompetent or did they mislead congress, or did they just simply not know. probably it's a little bit of all three. >> let's turn to suzanne kelly. the fascinating thing again today was the senators allowed in to see this video, this closed circuit television video, that included very disturbing scenes of ambassador stevens' last moments. but also, it seemed to clarify, didn't it, exactly what was going on in the buildup to this attack. there was no obvious sign, according to the senators who have come out publicly after this, of any protest. >> yeah. that
>> yeah, you know, it's washington, isn't it. i mean, you know, the theory, what petraeus is expected to talk about is he had his talking points. he got them declassified, approved to go out there in public. when ambassador rice started talking from her talking points, this included other information that wasn't exactly what the cia thought might be really going on. i think some members of capitol hill have brought it down to this point, was the obama administration incredibly incompetent...
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Nov 19, 2012
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anderson walked me around a hospital in tacoma, washington. one of the first things you will notice here and every er in the state a reminder for patients of restrictions on how much pain medication they can be prescribed. >> not only are we all playing by the same rules, we are also now all communicating with one another. >> this is being done through a statewide database it provides a patient's history of visits to the emergency departments in the last five years as well as other vital information. >> in some cases, it might even show care guidelines, like this particular physician has said no narcotics should be issued through the emergency department because they are on a pain management contract. >> if something like this didn't exist, the scenario is somebody could come to one emergency room, possibly get a prescription for payne medication and maybe even the same day, go to another emergency room and get a prescription for pain medication that could happen? >> that's happened for years. >> so pharmacies here also share data. >> we now h
anderson walked me around a hospital in tacoma, washington. one of the first things you will notice here and every er in the state a reminder for patients of restrictions on how much pain medication they can be prescribed. >> not only are we all playing by the same rules, we are also now all communicating with one another. >> this is being done through a statewide database it provides a patient's history of visits to the emergency departments in the last five years as well as other...
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that obviously is going to come as relief to israel and washington. but that could anger the egyptian public, the arab world. that is increasingly frustrated and impatient as the violence escalates in gaza, wolf. >> all right, reza, thanks very much. our correspondent in cairo watching all of this unfold. >>> there are major implications for the united states in all of this. and the white house is certainly closely watching the crisis play out. we're going to tell you what president obama is doing about it right now. plus, a look at the likely consequences of an all-out ground war in gaza. they are very disturbing. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a r
that obviously is going to come as relief to israel and washington. but that could anger the egyptian public, the arab world. that is increasingly frustrated and impatient as the violence escalates in gaza, wolf. >> all right, reza, thanks very much. our correspondent in cairo watching all of this unfold. >>> there are major implications for the united states in all of this. and the white house is certainly closely watching the crisis play out. we're going to tell you what...
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that's when he started talking about ending politics as we know it in washington et cetera. it's coming back to where it all began. he's landed air force one here. the first lady's plane has also landed at the airport. the president is greeting her at the airport, they'll arrive here live together. there will be a performance from bruce springsteen and a speech from the old campaign gang rejoining the team for a final good-bye, anderson. >> what's he doing tomorrow? we know mitt romney is having campaign events tomorrow. is the president not doing that? why? >> you know, traditionally, first of all, he has not campaigned on election day, it's not his ritual. and he's not going to break ritual, what he'll do tomorrow is play basketball. they have this history -- there was one campaign, one election day they did not play basketball, that was that primary against hillary clinton in new hampshire that he lost. and so they always say, they now play basketball every single election day, and that's their rule. >> is that for real? are they really that superstitious? >> oh, yeah. al
that's when he started talking about ending politics as we know it in washington et cetera. it's coming back to where it all began. he's landed air force one here. the first lady's plane has also landed at the airport. the president is greeting her at the airport, they'll arrive here live together. there will be a performance from bruce springsteen and a speech from the old campaign gang rejoining the team for a final good-bye, anderson. >> what's he doing tomorrow? we know mitt romney is...
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that kind of leadership is desperate in washington. people want to see republicans and his top people coming together. i think the american public will be unforgiving and rightly so if we get to february and we have gone over another cliff. >> the debt ceiling alone cost more than the attacks on 9/11. >> it was pathetic. >> what happened then is what happened less people visiting his parks during that period. >> it hurt the economy. i'm proud to be in new jersey where our folks are -- you don't have the extremes. >> i'm worried about a congress losing people who are running far to the right to keep their offices. this is terrible for our country. i'm look for us to go back to having guys like reagan and tip o'neill who reach across the aisle. i think we have the right president for that but we need the leadership coming out of congress that is going to bring our nation together. most of us are not out on the margin. most of us, we actually have so much more in common than we do apart. >> that is so true. great to see i. best of luck on
that kind of leadership is desperate in washington. people want to see republicans and his top people coming together. i think the american public will be unforgiving and rightly so if we get to february and we have gone over another cliff. >> the debt ceiling alone cost more than the attacks on 9/11. >> it was pathetic. >> what happened then is what happened less people visiting his parks during that period. >> it hurt the economy. i'm proud to be in new jersey where...
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reporter: that's exactly what's happening. 167 have legalized for medicinesnal use and colorado and washington state are the first to approve to selling the drug like alcohol. it puts them on a collision course with the federal government which says it's a crime. >> it can't go on the way it is. it can't be a big industry and a federal crime at the same time. >> reporter: he says as more and more states legalize marijuana for medical purposes, the federal government looked the other way. >> every store that sells marijuana here is violating federal law. the federal government could seize assets and send people to joil. they have chosen so far not to do that. >> reporter: colorado has experience regulating marijuana. there are more than 500 licensed medical marijuana. all of this happening right in the heart of the city of denver. the colorado amendment would allow anyone over 21 30e ses up to an ounce of pot. it would allow licensed protection and weed sales would be taxed up to 15%. the profits then slighted to help pay for the construction of public schools. federal prosecutors and law enfor
reporter: that's exactly what's happening. 167 have legalized for medicinesnal use and colorado and washington state are the first to approve to selling the drug like alcohol. it puts them on a collision course with the federal government which says it's a crime. >> it can't go on the way it is. it can't be a big industry and a federal crime at the same time. >> reporter: he says as more and more states legalize marijuana for medical purposes, the federal government looked the other...
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key people in washington are tripped up on false intelligence in the past. people like condoleeza rice. who as national security adviser back in 2003, made the case for war in iraq, insisting that saddam hussein had weapons of mass destruction. >> it is time to stop the deceit and time to stop trying to deceive the world, and to offer up his weapons of mass destruction so that he can be disarmed. the overwhelming bulk of the evidence there, not about a data point here or there, but about what hussein was doing, he had weapons of mass destruction. right up to the end, saddam hussein continued to harbor ambitions to threaten the world with weapons of mass destruction and to hide his illegal weapons activities. >> no nuclear weapons, no wmd turned up in iraq. con condoleezza rice went on to become secretary of state in the bush administration and mccain and other republican has no problem supporting her, in spite she fell for bad intelligence. >> condoleezza rice is a great american success story this is what america is all about. a young woman who grew up in a
key people in washington are tripped up on false intelligence in the past. people like condoleeza rice. who as national security adviser back in 2003, made the case for war in iraq, insisting that saddam hussein had weapons of mass destruction. >> it is time to stop the deceit and time to stop trying to deceive the world, and to offer up his weapons of mass destruction so that he can be disarmed. the overwhelming bulk of the evidence there, not about a data point here or there, but about...
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so this week was supposed to be about the fiscal cliff in washington. i get the sense this might be a distraction now. >> well, certainly a sex scandal really sucks up the oxygen of the news cycle no doubt. the white house has not commented, obviously, on the new development involving general allen. they don't tend to. these are personnel matters. but we will have the briefing today midday 12:30 eastern and jay karn ji goicarney is going questioned, no doubt. president obama kicks off a series of meetings to day. he is meeting with liberal and labor leaders tomorrow. he meets with business leaders. all of that ahead. a meeting with the top democrat and top republican from both the house and senate on friday. so he'll still be focused on that. but there is also this question of how, perhaps, this affects the president's afghanistan policy. general allen is set to depart as the top commander, top u.s. commander in afghanistan at a very critical time. president obama decides how to wind down the 68,000 american combat troops from afghanistan by the end of
so this week was supposed to be about the fiscal cliff in washington. i get the sense this might be a distraction now. >> well, certainly a sex scandal really sucks up the oxygen of the news cycle no doubt. the white house has not commented, obviously, on the new development involving general allen. they don't tend to. these are personnel matters. but we will have the briefing today midday 12:30 eastern and jay karn ji goicarney is going questioned, no doubt. president obama kicks off a...
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, so that he could have more partisanship in washington, d.c. now if you want it, you can have it. the people of indiana don't want it, congressman joe donnelly his opponent was ahead by 11 points in the most recent polls, you're going to change that. but it will all be for naught if you reward him by not electing president obama. if you want cooperation over conflict, if you want people to walk through the same door and sit down at the same table and behave like grown-ups, you have to re-elect president obama. [ cheers and applause ] >> former president bill clinton stumping for president barack obama. election day just two days away and so could former president clinton make a real difference in the outcome of the election? and how about the economy? we'll talk about what could be a deciding factor come election day. maybe somewhere around my house. mine's just, right over that way. well you can find out exactly where it is using bing elections. it's a good day for politics. which way do you lean politically? conservative. republican. well, us
, so that he could have more partisanship in washington, d.c. now if you want it, you can have it. the people of indiana don't want it, congressman joe donnelly his opponent was ahead by 11 points in the most recent polls, you're going to change that. but it will all be for naught if you reward him by not electing president obama. if you want cooperation over conflict, if you want people to walk through the same door and sit down at the same table and behave like grown-ups, you have to re-elect...
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there's some things we don't want washington to do. the politicians in washington most of whom are male to control health care decisions that women can make for themselves. now, for eight years, we had a president who shares these beliefs, his name was bill clinton. and you know, his economic plan, when he first came into office, he asked the wealthiest americans to pay a little bit more so we could reduce our deficit and still invest in the skills and ideas of our people. and you know what? at the time, the republicans in congress and a senate candidate by the name of mitt romney, i don't want you to boo, i want you to vote. i want you to vote. but a republican candidate by the name of mitt romney said, bill clinton's plans would hurt the economy and kill jobs. turns out his math was just as bad then as it is now. because by the end of president clinton's second term, america created 23 million new jobs and incomes were up and poverty was down and our deficit had turned into a surplus. so florida, we know that our ideas work. we also
there's some things we don't want washington to do. the politicians in washington most of whom are male to control health care decisions that women can make for themselves. now, for eight years, we had a president who shares these beliefs, his name was bill clinton. and you know, his economic plan, when he first came into office, he asked the wealthiest americans to pay a little bit more so we could reduce our deficit and still invest in the skills and ideas of our people. and you know what? at...
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you see on the marijuana legalization in washington, colorado. i think the culture wars last night were won by the liberals and i think that's unquestionably so. the politics, political economy issues, i think that's where we're still very much split 50/50 and haven't figured it out. >> frank what we saw last night was a repudiation of the tea party faction of the republicans, the more extreme members of the tea party. they're not all extremists by any means, but that extreme right that was chased by the republican nominees earlier this year, i think that got rejected last night. >> i think are you absolutely right. i heard you say earlier are we moving left as a country? "don't know that we're moving that far to the left, but i think the republican party has been held hostage by its right. and what they learned yesterday, today, is that they're making sense of all this. if they don't find a way to distance themselves from the right ward element, the tea party. they're going to start losing a lot more elections and they're going to have a hard ti
you see on the marijuana legalization in washington, colorado. i think the culture wars last night were won by the liberals and i think that's unquestionably so. the politics, political economy issues, i think that's where we're still very much split 50/50 and haven't figured it out. >> frank what we saw last night was a repudiation of the tea party faction of the republicans, the more extreme members of the tea party. they're not all extremists by any means, but that extreme right that...
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athena jones, cnn, washington. >>> and cnn newsroom continues with fred. >> have a great day. >> i'm going to go home and turn back my clock before i forget. >> that's right. we'll see you an hour earlier tomorrow. thanks so much. appreciate that. the countdown is on indeed. election day is just three days away now. the presidential candidates are making a huge final push in the battleground states. today president obama campaigns in ohio, wisconsin, iowa and virginia. mitt romney stumping in new hampshire, iowa, and colorado. they're running mates are also going nonstop. vice president is in colorado and paul ryan is holding rallies in pennsylvania, virginia, florida, and ohio. so ohio indeed could be the biggest battleground of the election. the race there is very tight. a just released cnn/orc poll shows obama ahead by just three points, well within the margin of error. an nbc/"wall street journal" poll shows a wider gap with obama leading by six points. president obama is about to speak at a rally in mentor, ohio. he is at least in the building, we understand. and so is our white
athena jones, cnn, washington. >>> and cnn newsroom continues with fred. >> have a great day. >> i'm going to go home and turn back my clock before i forget. >> that's right. we'll see you an hour earlier tomorrow. thanks so much. appreciate that. the countdown is on indeed. election day is just three days away now. the presidential candidates are making a huge final push in the battleground states. today president obama campaigns in ohio, wisconsin, iowa and...